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Demographic Analysis of Zip Code 48062: Predominantly White Population with Emerging Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 48062 in Richmond, Michigan, is categorized as having Low Diversity as of 2022. The area is predominantly white, with 86% of the population identifying as white. The current median income is $70,005, which has increased from $59,027 in 2013.
Over the past decade, Richmond has maintained its status as a Low Diversity community. The white population has remained the majority, never falling below 86% throughout the observed period. The white population percentage has decreased marginally from 90% in 2015 to 86% in 2022. There has been a gradual increase in minority populations, particularly in the Black and Hispanic communities. The Black population increased from 1% in 2017 to 4% in 2022, while the Hispanic population grew from 1% in 2016 to 4% in 2022.
The Pacific Islander population, which was not recorded in earlier years, emerged at 2% in 2019 and has maintained that level through 2022. These shifts suggest that while Richmond remains a Low Diversity community, it may be slowly transitioning towards a more diverse demographic composition.
The median income in Richmond has shown a general upward trend over the past decade, with some fluctuations. From 2013 to 2021, the median income increased from $59,027 to $79,112, representing a 34% growth over eight years. There was a decrease in median income from $79,112 in 2021 to $70,005 in 2022, a drop of about 11.5%. The gradual increase in diversity appears to have coincided with the overall increase in median income up to 2021.
The racial composition of Richmond (86% white in 2022) is less diverse than the national average, which typically shows non-Hispanic whites making up about 60% of the U.S. population. The median household income of $70,005 in 2022 is above the national median, which was around $67,521 in 2020. The recent decrease in median income from 2021 to 2022 might reflect broader economic challenges faced nationwide.
Richmond remains a Low Diversity community, but there are signs of slow demographic changes. These shifts, coupled with generally increasing median incomes, suggest a community in gradual transition. The recent dip in median income warrants attention and may indicate emerging economic challenges that could influence future demographic trends in the area.
